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Feb 13, 2013
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first up, can you do business with president obama? he is opposed to this and wants to rewrite it and defer it change it? can you do business? >> i think it simimportant to remember that these devastating cuts were his ideas. it was the republicans that have put forward two times now proposals to replace these cuts with other ways to reduce spending. we passed these six months ago. we need the democrats to put their proposals forward. why is it that spending cuts are bad for the economy but tax increases are somehow not bad for the economy? i don't understand that logic. we need both. we have been having this debate back and forth. that is part of the problem. and we need some spending restraint. the big area where we need it is in health care. the rising health care cost is in growth to the economy. if we can find ways to bring down the costs of health care we can have a win win. >> the report that came out, which shows a slight decline in the deficit goes back up over $1 trillion in ten years because of social security and yet the pr
first up, can you do business with president obama? he is opposed to this and wants to rewrite it and defer it change it? can you do business? >> i think it simimportant to remember that these devastating cuts were his ideas. it was the republicans that have put forward two times now proposals to replace these cuts with other ways to reduce spending. we passed these six months ago. we need the democrats to put their proposals forward. why is it that spending cuts are bad for the economy...
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Feb 12, 2013
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. >> is it possible tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the session, course of the program. what is your takeaway from what tim cook said or didn't say today? >> listen, i think it's very interesting this whole conversation with what einhorn has now created with apple. this conversation ensuing. i like apple. i like apple where it is at the moment. >> did you like it all the way down. >> i said a long time ago when it started to crack at 700, you had to be careful. there's so many names we saw at the end of the year, get into it, push and push the way the market got ahead of itself. i fully expect the market will back off some. it needs to some. if you look it up, exactly
. >> is it possible tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the...
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Feb 6, 2013
02/13
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this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr. cantor will join me tomorrow. next up this evening, we had a nice recovery rally in the markets today. but here's what i want to know. what effect will the sequester have on stocks? will it be as dire as some say or might it be bullish. we'll get answers. free market capitalism, the best path to prosperity. free market capitalism says shrink government spending to grow the economy. i'm larry kudlow. we'll be right back. all right that's a fifth-floor problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha
this is president obama's sequester. the president has failed up until now to come up and offer anything specific beyond talking points and press conferences as to how he proposes to turn the sequester off. and absent that, we don't have any changes. >> many that i thinkthanks, pet. tomorrow i'll chat with eric cantor. he made a major address today at the american enterprise institute. he had across the board ideas to reinvigorate the republican party and the national economy. again, mr....
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Feb 13, 2013
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we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor romney for. >> being hypocritical in washington, that's certainly not very unique, i don't think, senator, right? i guess it's politics, the political season. i understand fully what you're saying, but you don't really have anything, right? no one is saying he even was a tax evader, just he did some of the same things that raised eyebrows during the election. >> unlike four years ago, we had several nominees from this administration that didn't pay their taxes. some paid their taxes and others withdrew their name. there's no charges against lew for that reason. but i think we do ha
we're going to try to hold an obama nominee to a standard that president obama set. you laid it out correctly, that president obama, in the campaign, made a very very big deal out of the unethical immoral business of investing in the cayman islands. so you would expect -- you wouldn't expect him then to appoint somebody that did exactly the same thing that ends up making the president look hypocritical by nominating such a person who did exactly the same thing that they criticized governor...
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Feb 4, 2013
02/13
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president obama once again says he's going to seek to get new revenue to help bring down the deficit and specifically, he's now calling out carried interest tax breaks again. we'll see where that goes. plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. we're going to try to keep the lights on. "squawk box" begins right now. ♪ if you like it then you should have put a ring on it ♪ ♪ if you like it then you should have put a ring on it ♪ >> good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is on vacation today so we're joined by steve liesman. we're happy to have him here. our top story this morning, the market. we have assembled a trio of wall street's most respected voices to join us for the next hour. we have a lot to talk about this morning. plus, there is that issue of the lights going out at the super dole last night. officials say an abnormality in the power system triggered an automatic shutdown forcing backup sy
president obama once again says he's going to seek to get new revenue to help bring down the deficit and specifically, he's now calling out carried interest tax breaks again. we'll see where that goes. plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. we're going to try to keep the lights on. "squawk box" begins right now. ♪ if you like it then you should...
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Feb 1, 2013
02/13
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she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment that i don't think the country would be safe or well served by. >> she is at least articulate. >> i think he's going to be confirmed anyway, as awful as that sounds. democrats are going to confirm him. that's the life we live in. that's the country we live in, jennifer ruben. thank you very much for your reporting. also thanks to art laffer and michelle caruso-cabrera for being with us this evening. i appreciate it. >>> now we're going to stick with national security. we have reports today that the chinese government has hacked i
she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment...
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Feb 28, 2013
02/13
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president obama may be completely in charge. what do you think will happen here? >> i think we can't know is the truth. i think that anybody who predicts now what is going to happen 30 days from now, you know, is pretending to know. i think that this debate we're having, this battle, this fiscal gridlock that we got in washington now is going to continue for the next two years. i think it will continue at least until the next congressional elections. i think we'll have the same kind of conversation over and over again. it will take -- it's going to take place in the context of different legislation, different ideas, the continuing resolution we'll see. >> this is a really big thing sfwheem have this debate. >> dick more rirks i'll pause on this to get your take. if the continuing resolution, let's talk about the house, hal rogers, if they forego these budget cuts, military and nonmilitary, i would argue the republican party is just going to split in two and self-destruct. >> first let me explain what the cre is. the last budget the congress passed was four years a
president obama may be completely in charge. what do you think will happen here? >> i think we can't know is the truth. i think that anybody who predicts now what is going to happen 30 days from now, you know, is pretending to know. i think that this debate we're having, this battle, this fiscal gridlock that we got in washington now is going to continue for the next two years. i think it will continue at least until the next congressional elections. i think we'll have the same kind of...
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Feb 26, 2013
02/13
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president obama never did. now, first lady michelle obama says she loves movies. well, that's great. but why did she get the most important moment of the entire oscars ceremony? is there a hidden agenda here, something i may have missed? >>> i think the gop pledge to prevent a government shutdown is very bullish for stocks and the economy. the white house continued with its sequester scare tactics. take a listen again to homeland security secretary janet napolitano earlier today. >> i don't think we can maintain the same level of security at all places around the country with sequester as without sequester. >> all right, really? as i said earlier, her budget is going to be bigger this year than last year even with sequester. i've got to go to my pal steve mcmahon. >> don't you want to go to senator hutchison on this one? >> democrats are really going to lose this battle, and hurt her politically because the dire consequences will not happen. >> well, they won't happen maybe right away or maybe everywhere instantly, but over time, if this isn't changed somehow -- a
president obama never did. now, first lady michelle obama says she loves movies. well, that's great. but why did she get the most important moment of the entire oscars ceremony? is there a hidden agenda here, something i may have missed? >>> i think the gop pledge to prevent a government shutdown is very bullish for stocks and the economy. the white house continued with its sequester scare tactics. take a listen again to homeland security secretary janet napolitano earlier today....
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Feb 28, 2013
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obama didn't seem it make that much of an anti-defense move in its first term. it was accompanied by the afghanistan surge. so there was just so much he could do. but right now, you have definitely got a move towards, if not isolation, definitely a move from intervention, appointment of secretary hague el as you point out, is definitely endorsement of that. even within that, within the republican party, there is a danger that they are focused on, moving toward budget talks rather than defense and foreign policy talks. so it is tough to see who carry theory the mantle for defense. >> thank you richard. richard aboulafia from the teal group. >> on the back of its earnings and what a miss, stock down 75% over the past one year. so where does the on-line deals site go from here? and as we head out, let's look at financials. there they are. all higher. not so much, but higher. we are back in two minutes. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would
obama didn't seem it make that much of an anti-defense move in its first term. it was accompanied by the afghanistan surge. so there was just so much he could do. but right now, you have definitely got a move towards, if not isolation, definitely a move from intervention, appointment of secretary hague el as you point out, is definitely endorsement of that. even within that, within the republican party, there is a danger that they are focused on, moving toward budget talks rather than defense...
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Feb 9, 2013
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you're seeing obama's poll numbers come down. i think that's because he's a politician who needs a foil. perhaps the country he looked pretty good compared with mitt romney. but the country doesn't look good compared to where the country should be. when he doesn't have someone to run against, when he doesn't have someone to be the villain and he's just getting judged on his actual performance in the job you'll see his numbers come down. he's doing a terrible terrible job and people know that. >> jimmy williams, i understand the ebb and flow of politics on issues like gun control and immigration and same-sex marriage and all these things come up. but none of that has a thing to do with economic growth and job creation. and i think that's what that quinn p quinnipiac poll shows. when is your man going to come up with a growth plan? >> i would disagree with you, larry, about the immigration part. but i agree with you that gay marriage has absolutely nothing to do with job growth. kevin just mentioned the president needs a foil like
you're seeing obama's poll numbers come down. i think that's because he's a politician who needs a foil. perhaps the country he looked pretty good compared with mitt romney. but the country doesn't look good compared to where the country should be. when he doesn't have someone to run against, when he doesn't have someone to be the villain and he's just getting judged on his actual performance in the job you'll see his numbers come down. he's doing a terrible terrible job and people know that....
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Feb 19, 2013
02/13
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president obama spoke very heavily about solar stocks and alternative energy and referenced him again in his inaugural, and they have been up really since november. >> thanks, bob. a market that is rallying here. the market is 40 minutes before the closing bell sounds, and the market is higher, 52 points, and the s&p 500 showing a nice move on the upside, as you can see there. if you can't beat them, join them. best buy is set to begin price matching against online retailers. find out which shock you're better off with next? >> after a huge outcry from fans, including bill and myself, was this a marketing debacle like new coke or stroke of genius to drive sales? stay with us here on "closing bell." would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> welcome b
president obama spoke very heavily about solar stocks and alternative energy and referenced him again in his inaugural, and they have been up really since november. >> thanks, bob. a market that is rallying here. the market is 40 minutes before the closing bell sounds, and the market is higher, 52 points, and the s&p 500 showing a nice move on the upside, as you can see there. if you can't beat them, join them. best buy is set to begin price matching against online retailers. find out...
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Feb 5, 2013
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president obama has signed a debt ceiling suspension into law. the measure allows the government to keep borrowing to pay its bills. it puts off the next congressional battle over the debt ceiling until may. boeing is asking the faa for permission to resume test flights of its grounded 787 jet. it wants to test the batteries and other components in flight since certain conditions can't be simulated on the ground. the faa is evaluating boeing's request. >>> in wall street 2013 rally interrupted with a major averages suffering their worst one-day loss in a year on monday's trading. the last hour we spoke to goldman's jim o'neil about the prospects of making money in this market. >> i think to sell if you're a medium term player is probably not a smart move. but if you've made all the gains, to take some off the table isn't a crazy idea either. >> joining us now is nouriel roubini, chairman and co-founder of roubini global economics. you're not like a market master, maybe like a market jedi. plus andrew still here from fortune magazine. the one and
president obama has signed a debt ceiling suspension into law. the measure allows the government to keep borrowing to pay its bills. it puts off the next congressional battle over the debt ceiling until may. boeing is asking the faa for permission to resume test flights of its grounded 787 jet. it wants to test the batteries and other components in flight since certain conditions can't be simulated on the ground. the faa is evaluating boeing's request. >>> in wall street 2013 rally...
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Feb 22, 2013
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president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to gain, in the wake of last night's result and exclusive interview last night on cnbc. >> just when you think you have the markets figured out, they throw you an up day. >> "street signs" begins right now. have a great weekend. >>> and welcome to "street signs," everybody. i'm mandy and we are black in back, baby. dow is soaring. turning positive for the week now but could we head for the case of the mondays come next week. also hp is leaving this market higher. that stock hits a fur-year high. also, stock shopping spree. we will hit the mall for three things that every invest over, yes, that
president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to...
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Feb 13, 2013
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. >> meantime, we brought down president obama's state of the union speech last night. the buzz word, probably no surprise, was jobs. but another word he barely mentioned, was infrastructure. saying that just three times over the course of the hour-long speech. >> and given bad roads and possibly even dangerous bridges around america, isn't this something that every american should have an interest in? in other word, shouldn't it get more attention? joining us, an expert on this. barry, good to see you again. >> good to see you both. >> bridges and roads are in terrible condition. possibly even dangerous. don't need to be reminded what happened in minneapolis a number of years ago. but can we afford it? how do we do this? >> we can't currently afford it in this country ppt. the numbers are staggering. it is difficult for politicians, let alone the average person, to comprehend it. take for instance. to maintain our road between now and 2020, to modestly improve our infrastructure will take $2.75 trillion. if we take what is currently expected to be funded, we have a sho
. >> meantime, we brought down president obama's state of the union speech last night. the buzz word, probably no surprise, was jobs. but another word he barely mentioned, was infrastructure. saying that just three times over the course of the hour-long speech. >> and given bad roads and possibly even dangerous bridges around america, isn't this something that every american should have an interest in? in other word, shouldn't it get more attention? joining us, an expert on this....
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Feb 9, 2013
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. >> you are like many other companies facing obama care. as a winner in the new health care system is how i regarded you. >> i completely agree. one of the things you're finding with hospital systems is they need to reduce their cost of care. they have to drive down health care costs but at the same time they have a balancing act where they have to improve patient safety. the products and technology we provide are exactly targeted in that way. we help hospitals be more efficient, help them drive out costs and hem them improve patient safety. so we win in this kind of environment. >> one of the things we've been emphasizing is the idea there are companies within companies and those companies within companies tend to be able to do much better when they've been spun off. how much has it meant to your company that you're off on your own? >> i think it's been absolutely critical. cardinal is a great company and they're a medical distribution company. we are medical technology company. you fundamentally operate those businesses in a different way
. >> you are like many other companies facing obama care. as a winner in the new health care system is how i regarded you. >> i completely agree. one of the things you're finding with hospital systems is they need to reduce their cost of care. they have to drive down health care costs but at the same time they have a balancing act where they have to improve patient safety. the products and technology we provide are exactly targeted in that way. we help hospitals be more efficient,...
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Feb 4, 2013
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now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do that. those numbers don't add up. >> all right. let's bet back to this sequester here. it comes at a time when we just learned that fourth quarter gdp was horrible compared to what we saw in the third quarter. the stock market seems to feel like things are getting back to normal, the economy's on the mend. is this the time to allow these spending cuts to take effect automatically that could take out a number -- "the new york times" says it could cost a million jobs in the economy right now. isn't this the time to think about an alternative of some kind? >> absolutely. the senate has not t
now under the leadership of harry reid and president obama, it's not able to pass a budget. it's not a problem with the senate. it's not a problem getting 51 senators. they've done it for decades. the problem is that no one in washington on the other side of the aisle wants to take leadership for how to get us out of the fiscal mess we're in. and not this year's fiscal mess. the mess that extends out 20, 30, 40 years. the president's budget last year never, ever, ever balanced. you can't do...
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Feb 7, 2013
02/13
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when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your view? when do you think that happens? >> when republicans begin to present our message better and we tell people whether you're rich, poor or middle class you'll have more jobs and more money if we leave money in your state, leave money in your pocket and that's how the economy will grow. when people figure that out, i think they will come back to the republican party, but they also have to see that what he's planning for us is -- it is bankrupting us as we speak. we're borrowing $50,000 a second and it can't go on. >> i didn't know it was a second. >> let me ask you about one other issue before we let
when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your...
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Feb 12, 2013
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. >> president obama's state of the union today. it's the countdown and it's on. cnbc bringing it to you live at 9:00 p.m. what the president says tonight could move your money big-time tomorrow. our panel of market pros is up next on what wall street wants to hear and doesn't want to hear. >>> and then later, if you build, it consumers may not necessarily come. up next, a warning that twitter's new partnership with american express could be a bridge too far when it comes to the privacy of online shoppers. we'll tell you about it. to make purchases using hashtags could fall flat because of privacy concerns. stick around for our heated amex twitter privacy debate. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focu
. >> president obama's state of the union today. it's the countdown and it's on. cnbc bringing it to you live at 9:00 p.m. what the president says tonight could move your money big-time tomorrow. our panel of market pros is up next on what wall street wants to hear and doesn't want to hear. >>> and then later, if you build, it consumers may not necessarily come. up next, a warning that twitter's new partnership with american express could be a bridge too far when it comes to the...
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Feb 14, 2013
02/13
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and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that. >> interesting thing is i agree with everything jack has said, but it's -- it's i don't come away as pessimistic as he does. but he's absolutely right about, you know, about what's happening with health care, and everything. i don't disagree with a word that he said. that he said. >> and i'm not pessimistic, warren. i'm not pessimistic. i just think we -- we're at a position where we could really take off if we had the right policies. >> yeah. well i -- i -- the interesting thing kind of is that america really is doing bette
and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that....
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Feb 5, 2013
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Feb 28, 2013
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now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert. welcome. just on this point about the u.s., we've seen markets not just holding up, but, in fact, doing quite well ahead of the sequester. why is that? >> well, i think there's an underlying -- there's real underlying evidence of the strength in the u.s. economy, which is partly allowing markets to look through what are clearly concerns about tightening in this economy. >> it's one thing that the u.s. is leading the recovery, perhaps leading this leg of the expansion. is it important in that sense? >> of course, the u.s. economy is not much bigger than japan, so it's always going to be more importa
now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert....
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Feb 11, 2013
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apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the knnuances of t trading here. but so far up 6 1/3%. peter costa -- >> yes. >> you've told us as a skeptic you threw in the towel recently and were willing to buy this market. >> it was right after i spoke to ralph. >> he considered you to turn bullish. >> he did. >> but you have to admit this market is getting tired here, don't you think? >> if you look at the market where we're down 19 today, i think we'll churn a bit. i think this churning might go on for probably another couple of months. but i don't think the market's -- it's not done yet. i just think that right now we're going to be in a pausing phas
apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the...
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Feb 7, 2013
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this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to regulate the energy industry, trying to do more in the car industry, trying to take over the health care industry. >> can i just interject? you see the problems between government has mother may i decisions over the economy. >> it has nothing to do with the obama administration. the problems of the post office go back way before president obama existed. the reality is it's an inefficient organization that has to answer to the government to make decisions. the problem is people aren't using the post office. >> let me make a quick point. first of all it's
this is an obama-type defense on spending cuts. next thing you want is revenues to help the post office go through. what's go pac? i'm sorry. >> it's a teachable moment as guy talked about. this is what happens when you allow the government to come in and run an industry that in treery is private. it is not. any decision the post office wants to make to become more efficient, they have to say mother may i. in this administration you see whether it's the epa that wants to continue to...
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Feb 19, 2013
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says, if we follow president obama's plan, the u.s. in 25 years will be in worse shape than greece is today. >> by the way, stan druckenmiller, he is going to become more publicly vocal. >> is he? >> yes, he is. because he feels strongly that this is just a rape of unborn children. it's -- it's generational theft on an enormous magnitude. i frequently, if i have to give a talk, i ask people, particularly if they're older like i am, i say to them if you had one meal left, and you had your grandchild with you, would you eat it or would you give it to your grandchild? they all say, i'll give it to my grandchild. guess what? they're eating their grandchildren's breakfast, lunch and dinner right now, and they haven't been born yet. this is going to happen. >> right. >> these are -- >> i think these are absolutely great points. i mean, our prior perspective on this has been the periods in when you get big bull markets on stocks, when p/e multiples go to 20, the '50s '80s and nineties, those occurred with stable monetary policy, government sp
says, if we follow president obama's plan, the u.s. in 25 years will be in worse shape than greece is today. >> by the way, stan druckenmiller, he is going to become more publicly vocal. >> is he? >> yes, he is. because he feels strongly that this is just a rape of unborn children. it's -- it's generational theft on an enormous magnitude. i frequently, if i have to give a talk, i ask people, particularly if they're older like i am, i say to them if you had one meal left, and...
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Feb 22, 2013
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i'm worried about retail guiding down because of obama care because don't forget, they have to start -- >> wait a minute. that's a headline in and of itself, at least in terms of what we talk about on this show. you've been a backer of macy's for a long time. >> right. >> you have believed in the story that lundgren, the ceo, has been telling us. now you're out. you're making a bigger statement here about where you think the consumer sits and where the market could go? >> i didn't quite slip that in, did i? i think that macy's is still a cheap stock. however, i'm worried about the consumer space. i'm worried about the consumer a little bit in terms of the money that's going in there, the expectations. and macy's already told us what they're going to earn. >> blame my memory later. joe? >> i don't think you could paint retail with a broad brush. i think momentum in each individual stock is important. next wednesday, very important for me. i'm looking to buy limited brands on a capitulation. >>> coming up, aig beat es and becomes the new favorite stock of hedge funds. but not all of ou
i'm worried about retail guiding down because of obama care because don't forget, they have to start -- >> wait a minute. that's a headline in and of itself, at least in terms of what we talk about on this show. you've been a backer of macy's for a long time. >> right. >> you have believed in the story that lundgren, the ceo, has been telling us. now you're out. you're making a bigger statement here about where you think the consumer sits and where the market could go?...
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Feb 26, 2013
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obama is not keen to see another military invention. that's an opportunity to change the hymn sheet, if you will, for the government to anoind noint another successor. the fact that the talks are happening over engagement, i don't see iran giving up its nuclear program. >> it's good to see you. tina ford, political analyst at italy. still to come, we'll look at consumers being a bit more cautious on spending. what are the high-end stores doing to keep and grow their customer base? we'll be joined by the head of the luxury marketing counsel. >>> you're watching "worldwide exchange." european stocks plunged on the prospects of political gridlock in italy. italian bank stocks lead the way lower. that's after the center left coalition wins the lower house, but no one has secured an obvious majority in the senate. the current government central bank are holding crisis talks. >>> and ben bernanke is heading to capitol hill today to try to provide some soothing words about fed policy and calm the market concerns about weak global growth. >> ve
obama is not keen to see another military invention. that's an opportunity to change the hymn sheet, if you will, for the government to anoind noint another successor. the fact that the talks are happening over engagement, i don't see iran giving up its nuclear program. >> it's good to see you. tina ford, political analyst at italy. still to come, we'll look at consumers being a bit more cautious on spending. what are the high-end stores doing to keep and grow their customer base? we'll...
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Feb 12, 2013
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obama's former budget director think about that notion? >> ron insana joins us along with peter orszag, the vice chairman formerly with citigroup. >> what are you expecting to be the crux of the president's speech tonight? >> i think he's telegraphed what he's emphasizing, immigration and something on economic growth. what we'll be looking for is what is the solution here, for example, on the sequester that we're starting to, you know, bump up against? what is the proposal? how are we going to get out of this mess? >> and ron, what do you think he says that could cause -- rattle the markets a bit? >> i should preface it, the thing that slips us into a 3% to 5% correction. the president has been making more noises about closing loopholes and raising taxes fort on higher income brackets, something we already went through with respect to the fiscal cliff negotiations, so i think as we move towards the sequester as peter just suggested, the more acrimonious this get and the more the two sides get entrenched around higher taxes on the wealthy o
obama's former budget director think about that notion? >> ron insana joins us along with peter orszag, the vice chairman formerly with citigroup. >> what are you expecting to be the crux of the president's speech tonight? >> i think he's telegraphed what he's emphasizing, immigration and something on economic growth. what we'll be looking for is what is the solution here, for example, on the sequester that we're starting to, you know, bump up against? what is the proposal?...
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Feb 6, 2013
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what accommodative fiscal policy does for the market, since the re-election of president obama since a 12% gain in the dow. japan is looking to cash in. still worried about what we're seeing in europe. if all the companies keep debasing their currencies, where are we going, all on the same track. right now the way to put the money is put it in the u.s. japan has obviously benefitted from that. >> you have not been alone on the floor here among your trading brethren who have been skeptical of this rally as it continued. some others though have thrown in the towel and are going with the trend higher. are you still skeptical? >> i'm definitely still skeptical. >> okay. i think the risk is to the down side. if we get a 5% pullback, which would not be bad for the market, are people going to put their money to work. putting it into work when times are good. when times are bad, markets back off and that's where markets seem to accelerate. >> going out neither highs of the day with the dow up about 5.25 points here, and the s&p up a fraction right now. stand by. a lot of earnings news coming
what accommodative fiscal policy does for the market, since the re-election of president obama since a 12% gain in the dow. japan is looking to cash in. still worried about what we're seeing in europe. if all the companies keep debasing their currencies, where are we going, all on the same track. right now the way to put the money is put it in the u.s. japan has obviously benefitted from that. >> you have not been alone on the floor here among your trading brethren who have been skeptical...
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Feb 6, 2013
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. >> and criticses that say obama didn't have enough women. >> that's right, mandy. >> a major storm brewing on the anniversary of another monster blizzard. a whole lot of snow apparently heading to the northeast. we will give you your updated storm tracker next. >> rain nor sleet nor hail will stop the post office from delivering your mail. at least for now. post office said so long to saturday service. i say, don't panic, everything is fine. >> and tim geithner writing a book. what would you title it? again, sweeping the interweb, ahead. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. money needs an ally. >>> neither snow nor rain can stop your mailman, unless it's the weekend. because the postmaster general announcing today the post office will stop saturday delivery in august. a move that he says is desperately needed. >> a typical large organization would have either cash on hand or quick borrowing ability. two mo
. >> and criticses that say obama didn't have enough women. >> that's right, mandy. >> a major storm brewing on the anniversary of another monster blizzard. a whole lot of snow apparently heading to the northeast. we will give you your updated storm tracker next. >> rain nor sleet nor hail will stop the post office from delivering your mail. at least for now. post office said so long to saturday service. i say, don't panic, everything is fine. >> and tim geithner...
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Feb 11, 2013
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president obama has declared connecticut a state of emergency room. local public schedules should be back on service. laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade this event? >> this particular weekend is a good weekend if you're going to have a nasty storm. it's after christmas selling season, it's after january clearance. it's before tax rebates start showing up, particularly this year, which is a bit more complicated to get your refund. so the timing really won't hurt much of retail. if you wanted to trade it, probably the way to do it would be to own home improvement companies because home depot and lowes, i'm sure, did see a pick up in their sales before this storm. >> so february being the kind of in between or quieter time as
president obama has declared connecticut a state of emergency room. local public schedules should be back on service. laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade...
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Feb 27, 2013
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they also don't feel that good about how president obama and congress are dealing with each other on the issue. more than half say budget talks make them less confident about the economy. that doesn't mean they don't favor budget cuts. 53% do back some move to lower spending. fed chairman bernanke addressed the sequester during his congressional testimony. he says fed policy can't completely offset a drag from fiscal issues. >> cbo estimates it would cost about .6% of growth in this year and the equivalent of 750,000 jobs. would be a drag on near-term economic recovery. more broadly, all of the actions would be a drag of 1.5% points. quite significant. >> right. i hope you heard that. meanwhile, bernanke says a more appropriate measure would be to introduce spending cuts gradually. he's back on capital again. this day he's testifying before the house financial services committee. that begins at 10:00 a.m. eastern. >>> private equity's biggest players have been predicting an uptick in deal activity this year. firms that put idle cash to work. we'll be going to karen in a few minutes f
they also don't feel that good about how president obama and congress are dealing with each other on the issue. more than half say budget talks make them less confident about the economy. that doesn't mean they don't favor budget cuts. 53% do back some move to lower spending. fed chairman bernanke addressed the sequester during his congressional testimony. he says fed policy can't completely offset a drag from fiscal issues. >> cbo estimates it would cost about .6% of growth in this year...
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Feb 15, 2013
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debt and unemployment as the biggest problems and a third of them blamed their negative outlook on obama administration. the message here. the wealthy have now fully healed from the crisis, but they won't have full confidence until the country fixes its own finances. maria. >> all right. thank you so much. robert frank. >>> up next, gamers beware. there's a first person shooter taking aim at xbox, the wii and playstation. up next, one of the creators of microsoft's xbox will join me with a move that could reboot the video game business and the first lawsuits against carnival coming out. the latest details on this developing story. back in a moment. [ laughs ] now this is a test drive. whoa! you really feel all 335 foot-pounds of torque. it's chevy truck month! silverado was also recognized for the lowest cost of ownership. hey, what are you gonna do with it? end table. oh. [ male announcer ] it's chevy truck month. now get 0% financing for 60 months, plus trade up to get $1,750 total allowance on a silverado all-star edition. or trade up and choose customer cash plus option package disco
debt and unemployment as the biggest problems and a third of them blamed their negative outlook on obama administration. the message here. the wealthy have now fully healed from the crisis, but they won't have full confidence until the country fixes its own finances. maria. >> all right. thank you so much. robert frank. >>> up next, gamers beware. there's a first person shooter taking aim at xbox, the wii and playstation. up next, one of the creators of microsoft's xbox will join...
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Feb 25, 2013
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first lady michelle obama presenting the film with the top prize, as you saw. >>> what's on the agenda in the united states, there's no economic data today, but invests will be keeping a close watch on capitol hill as ben bernanke testifies before congress on the economy on tuesday and wednesday. atlanta fed president dennis lockhart speaks about the economy this evening. that's at 7:00 p.m. eastern. on the results page, first energy hurts lows, realology, autodesk muck notable names reported today. how are we set up for this week? michael gurka, good to see you this morning. hope you had a good weekend. we snapped the seven week of straight gains for the s&p at the beginning of the year. still, not a bad close on friday. we have the sequester at the end of the week, bernanke at the elsewhere.nd everything else how do you see it playing out? >> well, ross, i wonder if we're going to go satellite hook up to michelle obama again so she can give us the okay on the sequester and then we can put some more glitz to that, also, because that's how you want -- the market has jitters right now.
first lady michelle obama presenting the film with the top prize, as you saw. >>> what's on the agenda in the united states, there's no economic data today, but invests will be keeping a close watch on capitol hill as ben bernanke testifies before congress on the economy on tuesday and wednesday. atlanta fed president dennis lockhart speaks about the economy this evening. that's at 7:00 p.m. eastern. on the results page, first energy hurts lows, realology, autodesk muck notable names...
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Feb 12, 2013
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anything coming out of this, even if it is obama's tone, which could signal more butting of hefads in congress? >> i'm not going to make any changes, unless there's a shocker out there. but you have to come back and ask if there's a shocker out there, he can actually get anything done, is it a reality or just rhetoric. for me, i'm not expecting much. >> we heard at the beginning of the super bowl, unfortunately, that we had an un, you know, impromptu meeting with the president where we start talking about higher taxes and what not. he's had a chance to throat a few trial balloons already. >> of course, cnbc will air tonight's state of the union address, coverage begins 9:00 p.m. eastern time on cnbc. >>> coming up next, ebay shares nearing an all-time high. but do they have what it takes to keep the momentum going? nobody better to ask than the ceo, john donahoe. more "fast" straight ahead. why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that could be a question of
anything coming out of this, even if it is obama's tone, which could signal more butting of hefads in congress? >> i'm not going to make any changes, unless there's a shocker out there. but you have to come back and ask if there's a shocker out there, he can actually get anything done, is it a reality or just rhetoric. for me, i'm not expecting much. >> we heard at the beginning of the super bowl, unfortunately, that we had an un, you know, impromptu meeting with the president where...
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Feb 15, 2013
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. >> rick, 11,629 people go on food stamps each day. 31 million when obama came in. 47 million now. that's more than the population of spain, 47 million. we all want to help people that are needy. but it's probably not a good idea to create and add to the people that are needy and then feel virtuous about helping them. if policies were able to take -- the 16 million back off food stamps that are on now by giving them jobs, by instituting policies that give them jobs to where they're -- i mean it's so good to feel good on the front end about being virtuous about helping people that are needy but what if you're adding to all the people that are actually in need, steve? >> one statistic that summarizes it, sequester. everybody's talking about the sequester. if "the wall street journal" pointed out, the amount of money we're talking about for one year on the sequester's cuts is one-third of one percent of the 3.6 trillion that we would have if we had a budget. but that's the number. we can't -- one-third of one percent of our budget? oh, my god! if anybody thinks we're going to give tho
. >> rick, 11,629 people go on food stamps each day. 31 million when obama came in. 47 million now. that's more than the population of spain, 47 million. we all want to help people that are needy. but it's probably not a good idea to create and add to the people that are needy and then feel virtuous about helping them. if policies were able to take -- the 16 million back off food stamps that are on now by giving them jobs, by instituting policies that give them jobs to where they're -- i...
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Feb 15, 2013
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worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns override the good feelings on equities and when do you get off of that ride? >> how do you know to get off? we talked michael about how to buy stocks wisely but what about selling stocks wisely? what is the indicators to you that now might be the time to take profit? >> i think the biggest indicator is a a reduction in the rate of growth of corporate earnings or complete fall-out. that would be substantial because that does provide support for dividend yields and also does provide support for pricing. so that would be a big one. more globally and more longer term, i think the state of the u.s. economy an
worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns...
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Feb 7, 2013
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. >>> is obama care just what the doctor ordered? we'll be talking live to mark parkinson over his concerns about the health system in the u.s. when we come back. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> some of the other stories we're following today, credit suisse stock is higher after the group reported weaker than expected profits on the back of lower revenue from its investment banking unit. carolin has been tracking the results. she joins us for more in a snowy zurich. >> in a very, very cold zurich. a lot of one offs to get through like restructuring costs and accounting charges, credit charges. but let's continue the discussion with the head of financials research at sarasin. good morning to you. thank you so much for bra
. >>> is obama care just what the doctor ordered? we'll be talking live to mark parkinson over his concerns about the health system in the u.s. when we come back. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond...
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Feb 22, 2013
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john, this is part after constant drum beat from the white house and his team, obama's team that if we go through the sequester, it is bad, bad, bad. >> exactly right, simon. who what the white house is doing is a steady application of pressure on republicans in congress hoping this he will accept ultimately tax increases as part of a budget deal. ray whlahood, former republicanf congress, walked into the briefing room and said you may not see the effects immediately but they will be very real and build over time. here is ray lahood. >> it will ripple across the country. cuts mean preventative maintenance and quick repair of runway equipment may not be possible which could lead to more delays. >> what you heard was a hundred small airport towers could be shut down. control towers because of lack of funding. you will see 90-minute delays. furloughs every week. visitors centers, rest rooms, garbage cans won't be serviced as efficiently as they are now. again, they are trying to build a ground swell of outrage against what will happen. put pressure on republicans. republicans so far stand
john, this is part after constant drum beat from the white house and his team, obama's team that if we go through the sequester, it is bad, bad, bad. >> exactly right, simon. who what the white house is doing is a steady application of pressure on republicans in congress hoping this he will accept ultimately tax increases as part of a budget deal. ray whlahood, former republicanf congress, walked into the briefing room and said you may not see the effects immediately but they will be very...
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Feb 18, 2013
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republicans said that this was a campaign commercial for president obama, a payback. did you anticipate that criticism? >> just to rectify the record here. i paid back the loans and 19.7% interest. i don't think that i committed to do a commercial on top of that. i thought that the republicans' reactions to this was unnecessary and out of place. >> that's very restrained from you--for you. >> it is. i'm on camera. [laughs] you put me here. you turn these things off, i'll give you my own assessment. this is the old boardroom of fiat. >> marchionne splits his time between the fiat headquarters in turin, italy, and chrysler headquarters in auburn hills, michigan, but he is fully engaged on both continents at all times. i mean, when you're here, do you get calls? do you have to deal with fiat? >> yeah. that's why i get up at 3:30 in the morning, so i can deal with the european side and be fine here by the time i get in. i mean, the other thing that helps is the--our time zones. >> when do you go to sleep? >> 10:00. i'm not really a late night guy. i used to be when i was
republicans said that this was a campaign commercial for president obama, a payback. did you anticipate that criticism? >> just to rectify the record here. i paid back the loans and 19.7% interest. i don't think that i committed to do a commercial on top of that. i thought that the republicans' reactions to this was unnecessary and out of place. >> that's very restrained from you--for you. >> it is. i'm on camera. [laughs] you put me here. you turn these things off, i'll give...
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Feb 4, 2013
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. >>> president obama says more tax revenue will be needed to help reduce the deficit. he'll push to get rid of loopholes such as the carried interest tax break enjoyed by private equity firms and hedge funds. >> i don't think the issue right now is raising rates. the question is, if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there's still waste in government, can we reform our health care programs in particular because we spend a lot more on health care than every other country does and we don't get better outcome. so there's a lot of waste in the system and there are things that we can do to reduce health care costs. >> asked about the contraction in fourth quarter gdp in the u.s., president obama blames the dysfunction in washington surrounding the fiscal cliff. a sharp drop in spending did over-shadow strong housing data. it followed unexpectedly strong defense spending in the fourth quarter. maybe some positive news there. tina, from citi, she's been taking a look at what the president has to do, i guess,
. >>> president obama says more tax revenue will be needed to help reduce the deficit. he'll push to get rid of loopholes such as the carried interest tax break enjoyed by private equity firms and hedge funds. >> i don't think the issue right now is raising rates. the question is, if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there's still waste in government, can we reform our health care programs in particular because...
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Feb 25, 2013
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and obama care is not even mandated until 2014. what makes you think that given all the headwinds that we're going to see, just in terms of, you know, regulations and new programs that in 2014 we're going to be in a better position to absorb some of these cuts? i'm worried now we're never going to be in a good position to absorb cuts economically. we may never have any growth. >> i'm more optimistic than that. we've talked about this before, joe. but, i think 2013, in gdp terms, is a transitional year, transitioning from these five years of weakness following all the events of 2008, into a stronger economy, mid 2014, end of 2014 -- >> that's a long transition. >> i think that's the case because of housing, because of energy, because of manufacturing, because of the end of household deleveraging, and i really think we're going to enter into a stronger period. it's not going to be this year. but i think it's coming. >> roger i want to go back to what becky said, which is let's say if you had a week to redo this plan. you still have t
and obama care is not even mandated until 2014. what makes you think that given all the headwinds that we're going to see, just in terms of, you know, regulations and new programs that in 2014 we're going to be in a better position to absorb some of these cuts? i'm worried now we're never going to be in a good position to absorb cuts economically. we may never have any growth. >> i'm more optimistic than that. we've talked about this before, joe. but, i think 2013, in gdp terms, is a...
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president obama urging compromise in congress as the deadline for the sequestration looms. meantime, global markets dealing with the uncertainty in europe. former treasury secretary larry summers. good morning, larry. >> good to be with you. >> let's talk sequester first. we can get to italy, but when you think about what's going to happen at the end of the this week, the assumption in the markets is that we're going over. if you listen to the folks in washington, the world is going to come to an end. if you listen to the folks on wall street, it's no big deal. who is right? >> look, the world will still keep turning. but this is a self-inflicted wound from which we have nothing to gain. hundreds of thousands of jobs will be lost if this plays out over a long time period. the most powerful country in the world is canceling military deployment, that its leading military figures think are essential, not because of any fundamental problem, but because of a political squabble. that is not how the greatest country in the world should be governing itself. this should be brought t
president obama urging compromise in congress as the deadline for the sequestration looms. meantime, global markets dealing with the uncertainty in europe. former treasury secretary larry summers. good morning, larry. >> good to be with you. >> let's talk sequester first. we can get to italy, but when you think about what's going to happen at the end of the this week, the assumption in the markets is that we're going over. if you listen to the folks in washington, the world is going...
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Feb 8, 2013
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two economic officials from the obama administration saying it would result in 70,000 kids being thrown off of head start in a couple of thousand fewer food inspectiones. 373,000 fewer mental health patient treated. 540 million in smaller loan guarantee. 600,000 fewer women and children receiving food assistance. this is putting pressure on congress to act because many republicans expressed the idea they could let the budget sequester take effect. some democrats suggested that is not so terrible from their point of view too. white house is trying it make a counter argument. we will see over the next couple of weeks since tsequester is du to take effect. >> how effective is this, john? we have seen the white house before where they put out the worst case scenario where they try to force things along against republican answers in some cases it backfired. what do you think this time? >> it backfired at certain times. this is a moment where the white house believes the president still has wind at his back from the election results. they thought they did well at the fiscal cliff. though it i
two economic officials from the obama administration saying it would result in 70,000 kids being thrown off of head start in a couple of thousand fewer food inspectiones. 373,000 fewer mental health patient treated. 540 million in smaller loan guarantee. 600,000 fewer women and children receiving food assistance. this is putting pressure on congress to act because many republicans expressed the idea they could let the budget sequester take effect. some democrats suggested that is not so...
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Feb 4, 2013
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live to washington for the details on that next. >>> president obama saying the u.s. can reduce its budget deficit. john harwood has more. >> the big question in washington is what is the next budget deal to reduce the deficit going to be? what is going to be in it? will it be spending cuts or revenue? the president said in the super bowl interview with scott pelley yesterday that it has to include revenue and singled out one in particular, that is the carried interest loophole. >> i don't think the issue right now is raising rates. there is no doubt we need additional revenue coupled with smart spending reductions, in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they have earned. >> now, going into the president's favor as he tries to go after this is a widespread belief on wall street, even that this is an unjustified loophole, one of the top figures on wall street told me the
live to washington for the details on that next. >>> president obama saying the u.s. can reduce its budget deficit. john harwood has more. >> the big question in washington is what is the next budget deal to reduce the deficit going to be? what is going to be in it? will it be spending cuts or revenue? the president said in the super bowl interview with scott pelley yesterday that it has to include revenue and singled out one in particular, that is the carried interest loophole....
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Feb 6, 2013
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>> apoplectic. >> of the impact of obama-care on the job creation in this country. i'm not judging whether or not you're right or wrong but there's a sense out there. >> to seen see small companies -- >> to raise the cost of what it is to hire an employee, you will hire less of them. >> you are seeing small companies starting to talk about, i have 100 employees, do i break up into three llcs. you are going to have to deal with that sort of thing. that is going to happen and there are people that will be upset about know it. >> the other thing that makes people apoplectic, you kcan cac about health care and spending decelerating. the bottom line was about cost containment. it really wasn't, about coverage. when you look at the amount of me on the government will spend on health care the next ten years, it is higher on obama-care than otherwise. the cost of spending will go up. >> the cost of spending for the government. >> that was the mission. >> i apologize. i have breaking news with government spending. the post office. this is breaking news. the post office says
>> apoplectic. >> of the impact of obama-care on the job creation in this country. i'm not judging whether or not you're right or wrong but there's a sense out there. >> to seen see small companies -- >> to raise the cost of what it is to hire an employee, you will hire less of them. >> you are seeing small companies starting to talk about, i have 100 employees, do i break up into three llcs. you are going to have to deal with that sort of thing. that is going to...
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Feb 1, 2013
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so a lot of changes here for barack obama. obviously this is typical when you have a second term but of course it's a tricky period for any president to navigate because he's got those familiar faces now parting ways and he's got a whole new crew coming in. >> transportation, too, as my producer points out. and energy one of those that really does have implications for investing. thanks so much. >> yes. >> so is this rally going to continue? on the newsline this morning brian belsky the chief investment strategist with bmo capital markets, good morning to you. >> good morning, carl. thanks for having us. >> what do you make of today and everything that's led up to today starting at the beginning of the year? >> well, i tell you what. this is all about building, quote-unquote, street cred for equities again, rising stock prices do a lot with respect to making people feel better about the institution of equity investing. clearly, some asset allocation models have poured money back into stocks and that is why we've seen near term
so a lot of changes here for barack obama. obviously this is typical when you have a second term but of course it's a tricky period for any president to navigate because he's got those familiar faces now parting ways and he's got a whole new crew coming in. >> transportation, too, as my producer points out. and energy one of those that really does have implications for investing. thanks so much. >> yes. >> so is this rally going to continue? on the newsline this morning brian...
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Feb 7, 2013
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president obama had the courage to back him. and it turned out to be successful. in comparison, if i may say so, with what the europeans have done with their banks, where nobody knows what the numbers are, they apply a stress test that was meaningless and here we are some number of years later, they were still, and rightly so, enormous questions about many of the european banks. i think tim has done an excellent job. >> do you push for enough regulation? people look at compensation on wall street and say it's still too much. >> well i don't think that compensation was the purview of tim. you could argue about compensation one way or another and argue what role it played. that's an issue that the policy community is going to have to deal with going forward. but, it wasn't central to what he had to do. >> do you think compensation played a role? obviously the other critique on you has been that you were paid a huge amount of money, $100 million plus. no one's ever asked me and i was wondering if i could, did you get to keep all that money? a lot of it was in stock.
president obama had the courage to back him. and it turned out to be successful. in comparison, if i may say so, with what the europeans have done with their banks, where nobody knows what the numbers are, they apply a stress test that was meaningless and here we are some number of years later, they were still, and rightly so, enormous questions about many of the european banks. i think tim has done an excellent job. >> do you push for enough regulation? people look at compensation on...
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he's never going to leave barack obama very far. we talked to him about the state of the union, about its impact on some of the fights like the budget sequester. he said he's not sure that the sequester is going to happen or not, whether they're going to make a deal, but this is the single biggest opportunity he's got to make his case on why we need revenues as well as spending cuts. here is david axelrod on the significance of the state of the union to that effort. >> we have a standoff on these issues. this is the largest audience he's going to have. the goal is to move public opinion because that's what moves congress. i think some of the reasons we now see some moment on issues like immigration reform, for example, has to do less with what the president said and more with what the american people have said. >> i also talked to david about the attitude the president has shown since the election. he certainly had a little bit more spring in his step. some people say he's been cocky since that election, throwing a couple of elbows
he's never going to leave barack obama very far. we talked to him about the state of the union, about its impact on some of the fights like the budget sequester. he said he's not sure that the sequester is going to happen or not, whether they're going to make a deal, but this is the single biggest opportunity he's got to make his case on why we need revenues as well as spending cuts. here is david axelrod on the significance of the state of the union to that effort. >> we have a standoff...
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Feb 13, 2013
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zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his educated flan pi. this past december he and his wife donated 18 million facebook shares to the silicon valley community foundation. he's contributed $10,000 to facebook's political action committee which donated $267,000 to both democratic and republican candidates over the past two years but today's event does face some opposition. the democratic governor's association posted a petition earlier this week to pressure zuckerberg to cancel his fund-raiser. it has pulled the petition down. it's no longer up online. an organization called credo action is planning a protest ahead of the event this evening. the event toni
zuckerberg attended a high-profile dinner with president obama and hosted town halls for president obama at facebook. zuckerberg donated $100 million to newark public schools which announced with governor christie and new york mayor cory booker. >> we're starting a $100 million grant so the mayor and governor can have flexibility to implement new programs in newark and turn newark into a symbol of educationalle examinence for the whole nation. >> zuckerberg is stepping up his...
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. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to collaborate with physicians, to drive increases in health quality. today we have over 50 collaboratives already up and running in the united states where physicians are more paid based on the quality of outcomes haves the quality of services. as a result, people are getting better quality of outcomes, better services and costs are coming out of the system. >> david, give us a -- your outlook for the year ahead and a little bit beyond that. to what extent, when washington is -- it's in the middle right now of the process of trying to find cost savings. do you expect some of those cost saving
. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to...